The World Bank expects the growth rate of the Iraqi economy to rise in 2019 by this amount

2019/1/12 16:30

(World Bank) The Middle East and North Africa (MENA) region is expected to grow by 1.9 percent in 2019, according to a World Bank report.At the level of the oil - exporting countries, the report of the newly released titled {Global Economic Prospects: The Middle Eastand North Africa "skies grim figures show} that growth in the GCC will rise to 2.6 percent , supported by an active investment movement.Bank growth is expected to decline in Algeria To 2.3 percent due to slower government spending than in 2018.Egypt will see a growth rate of 5.6 percent in 2019, boosted by investments and reforms in the expected business climate,with Morocco and Tunisia growing at 2.9 percent in 2019 if Tourist indicators improved and continued Political reforms.Despite the registration of Iraq 's modest growth in 2018 at 1.9 percent, will form the reconstruction projects is an important driver for the growth of its economy and neighboring economies, where it is expected to record 6.2 percent.It is likely to see growth in Jordan improved slightly up to 2.3 percent.Recorded estimates 2018 An improvement of 1.7 percent in economic activity in the oil exporting and importing countriesAlgeria recorded a growth rate of 2.5 percent last year, Egypt recorded 5.3 percent, Morocco grew 3.2 percent and Tunisia 2.6 percent.The World Bank has warned of the risks facing the region, which can discourage growth, as conflicts can escalate and lead to greater damage to income and economic activity, not to mention health and social well-being.